JAPAN — Pharmacosmos, a pharmaceutical company based in Denmark, has announced the release of its intravenous treatment for iron deficiency anemia, Monofer (ferric derisomaltose), in Japan. The launch follows the…
Read MoreMonth: March 2023
Saudi retail pharmacy chain Nahdi posts US$236 million net profit in Q4
SAUDI ARABIA – Nahdi Medical Company, Saudi Arabia’s pharmaceutical retailer and healthcare company, reported SAR 888 million (US$236.40 million) in net profit for the fiscal year 2022. Nahdi reported a…
Read MoreSaudi healthtech startup Aumet snaps up US$7M in a pre-Series A funding round
SAUDI ARABIA – Saudi Arabia-based healthtech startup Aumet has closed a US$7 million pre-Series A funding round to scale AI-driven healthcare solutions. The round was led by AAIC, a Tokyo-based…
Read MoreCosmos Health expands telehealth services with acquisition of ZipDoctor
USA — Cosmos Health Inc., a global healthcare group specializing in nutraceuticals and distributing pharmaceuticals, OTC medications, and medical devices, has signed a definitive agreement to acquire ZipDoctor Inc. from…
Read MorePear Therapeutics considers sale and other options to maximize shareholder value
USA — Pear Therapeutics has recently made an announcement stating that it is exploring strategic alternatives to maximize shareholder value. The company has hired a financial advisor to investigate options…
Read MoreUAE-based medical school MBRU earns top-level institutional accreditation
UAE – The Mohammed bin Rashid University of Medicine and Health Sciences (MBRU) has officially received its second accreditation from the Saudi Commission for Health Specialties (SCFHS) in the Kingdom…
Read MorePfizer recalls over 4 million packages of prescription migraine medicine voluntarily
USA — Pfizer has issued a recall for 4.2 million packages of Nurtec ODT, which is used to treat migraines in adults. The U.S. Consumer Product Safety Commission (CPSC) raised…
Read MoreEnzo Biochem agrees to sell clinical laboratory services business to LabCorp
USA— Enzo Biochem, Inc. has reached an agreement with Labcorp for the acquisition of Enzo Clinical Labs, the clinical laboratory division of Enzo Biochem. The sale is part of Enzo’s…
Read MoreSamsung Biologics invests in capacity expansion with fifth plant
SOUTH KOREA — Samsung Biologics, a CDMO, has announced that it will construct a fifth plant in response to growing market demand. The new facility, which is part of the…
Read MoreGulf Medical University marks World Sleep Day with an array of activities
UAE – Gulf Medical University (GMU) in partnership with Thumbay University Hospital joined the global community in marking this year’s World Sleep Day in Ajman with calls on young people…
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